Coca Cola 2010 Annual Report Download - page 162

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• A tax charge of $260 million primarily related to deferred tax expense on certain current year undistributed
foreign earnings that are not considered indefinitely reinvested. Refer to Note 14.
• A tax benefit of $44 million primarily due to the impact that tax rate changes had on certain deferred tax assets.
Refer to Note 14.
• A net tax charge of $38 million related to amounts required to be recorded for changes to our uncertain tax
positions, including interest and penalties. Refer to Note 14.
In the first quarter of 2009, the Company recorded the following transactions which impacted results:
• Charges of $5 million for North America, $65 million for Bottling Investments and $22 million for Corporate,
primarily as a result of restructuring costs, productivity initiatives and an asset impairment. Refer to Note 17 and
Note 18.
• Charges of $51 million for Bottling Investments and $1 million for Corporate, primarily attributable to our
proportionate share of asset impairment charges and restructuring costs recorded by equity method investees.
Refer to Note 17.
• Charge of $27 million for Corporate due to an other-than-temporary impairment of a cost method investment.
Refer to Note 16 and Note 17.
• A tax charge of $15 million related to the recognition of a valuation allowance on deferred tax assets. Refer to
Note 14.
• A net tax benefit of $1 million related to amounts required to be recorded for changes to our uncertain tax
positions, including interest and penalties. Refer to Note 14.
In the second quarter of 2009, the Company recorded the following transactions which impacted results:
• Charges of $3 million for Eurasia and Africa, $1 million for Europe, $8 million for North America, $26 million
for Bottling Investments and $34 million for Corporate, primarily as a result of restructuring costs, an asset
impairment and productivity initiatives. Refer to Note 17 and Note 18.
• Charge of $10 million for Bottling Investments, primarily attributable to our proportionate share of restructuring
costs recorded by certain of our equity method investees. Refer to Note 17.
• A net tax charge of $33 million related to amounts required to be recorded for changes to our uncertain tax
positions, including interest and penalties. Refer to Note 14.
In the third quarter of 2009, the Company recorded the following transactions which impacted results:
• Charges of $2 million for Europe, $2 million for North America, $1 million for Pacific, $18 million for Bottling
Investments and $25 million for Corporate, primarily due to the Company’s ongoing productivity initiatives and
restructuring costs. Refer to Note 17 and Note 18.
• Charges of $5 million for Bottling Investments and $1 million for Corporate, primarily attributable to the
Company’s proportionate share of restructuring charges recorded by certain of our equity method investees.
Refer to Note 17.
• Gain of $10 million for Corporate due to the sale of equity securities that were classified as available-for-sale. In
2008, the Company recognized an other-than-temporary impairment related to these investments. Refer to
Note 3 and Note 17.
• A tax benefit of $17 million due to the impact that tax rate changes had on certain deferred tax liabilities. Refer
to Note 14.
• A net tax charge of $8 million related to amounts required to be recorded for changes to our uncertain tax
positions, including interest and penalties. Refer to Note 14.
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